---
title: "Associated Ceramics Ltd (531168) — Share Price, Financials & Analysis"
symbol: "531168"
company: "Associated Ceramics Ltd"
canonical: "https://tapetide.com/stocks/531168"
isin: "INE771E01010"
nse_symbol: "ASSOCERLTD"
bse_code: "531168"
sector: "Construction"
industry: "Construction Materials"
market_cap_cr: 34.3
generated_at: "2026-09-13T20:38:47.200Z"
---

# Associated Ceramics Ltd (531168)

Canonical page: https://tapetide.com/stocks/531168

## Company

- **NSE Symbol:** ASSOCERLTD
- **BSE Code:** 531168
- **ISIN:** INE771E01010
- **Sector:** Construction
- **Industry:** Construction Materials
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2023-02-21
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** associatedceremics.com

## About

Incorporated in 1970, Associated Ceramics Ltd manufactures and sells refractory items[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:35:42.366380Z.

- **Market Cap:** ₹34.3 Cr
- **Classification:** Microcap
- **P/E (reported):** 19.5
- **EPS (TTM):** ₹8.61
- **EPS (reported):** ₹2.85
- **Book Value:** ₹124.69
- **Price to Book:** 1.35
- **Dividend Yield:** 0%
- **ROE:** 9.15%
- **ROCE:** 14.47%
- **Debt to Equity:** 0.12
- **Revenue (yearly):** ₹44.4 Cr
- **Net Income:** ₹1.88 Cr
- **EBITDA:** ₹5.35 Cr
- **52-Week High:** ₹246.8
- **52-Week Low:** ₹140
- **RSI (14):** 11.09

## Tapetide Score

- **Score:** 51 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Falling
- **Percentile:** 52 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 69.25 | 9% |
| growth | 23.09 | 9% |
| momentum | 1.1 | 12% |
| ownership | 50 | 24% |
| quality | 79.82 | 22% |
| valuation | 54.2 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Debtor days have improved from 41.5 to 26.7 days.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 7.28% over past five years.
- Company has a low return on equity of 7.46% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -66.08% | -35.5% | — |
| ebitda margin growth | 333.33% | -26.97% | -12.89% | -28.59% |
| net income growth | 300% | -14.55% | -23% | -14% |
| revenue growth | -3.19% | 2.54% | -7% | 7% |
| roce | — | 57.28% | -31.71% | 17.21% |
| roe | — | 129.32% | 11.78% | -56.51% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 9.13 | 13.31 | 10.13 | 8.95 | 12.37 | 9.35 | 11.27 | 12.81 | 15.08 | 7.27 | 9.25 | 9.06 |
| Expenses | 6.61 | 11.32 | 9.76 | 6.5 | 11.37 | 7.52 | 10.86 | 11.13 | 12.25 | 6.5 | 9.2 | 7.81 |
| Operating Profit | 2.52 | 1.99 | 0.37 | 2.45 | 1 | 1.83 | 0.41 | 1.68 | 2.83 | 0.77 | 0.05 | 1.25 |
| OPM % | 27.6 | 14.95 | 3.65 | 27.37 | 8.08 | 19.57 | 3.64 | 13.11 | 18.77 | 10.59 | 0.54 | 13.8 |
| Other Income | 0.08 | 0.08 | 0.45 | 0.01 | 0.03 | 0.02 | 1.32 | 0.17 | 0.18 | 0.04 | 0.19 | 0.04 |
| Interest | 0.05 | 0.12 | 0.14 | 0.05 | 0.06 | 0.11 | 0.12 | 0.06 | 0.05 | 0.04 | 0.02 | 0.04 |
| Depreciation | 1.23 | 0.97 | 0.77 | 0.83 | 0.84 | 0.88 | 0.86 | 0.82 | 0.86 | 0.82 | 0.54 | 0.7 |
| Profit before tax | 1.32 | 0.98 | -0.09 | 1.58 | 0.13 | 0.86 | 0.75 | 0.97 | 2.1 | -0.05 | -0.32 | 0.55 |
| Tax % | 25.76 | 25.51 | 444.44 | 25.95 | 23.08 | 23.26 | 66.67 | 25.77 | 25.24 | -20 | -40.62 | 25.45 |
| Net Profit | 0.98 | 0.72 | -0.49 | 1.17 | 0.09 | 0.66 | 0.25 | 0.73 | 1.58 | -0.04 | -0.19 | 0.41 |
| EPS in Rs | 4.79 | 3.52 | -2.4 | 5.72 | 0.44 | 3.23 | 1.22 | 3.57 | 7.73 | -0.2 | -0.93 | 2.01 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 16.74 | 27.38 | 33.79 | 31.25 | 38.37 | 55.8 | 40.54 | 41.83 | 44.4 | 40.66 |
| Expenses | 16.91 | 24.17 | 29.56 | 26.67 | 32.28 | 48.16 | 35.59 | 36.1 | 39.05 | 35.76 |
| Operating Profit | -0.17 | 3.21 | 4.23 | 4.58 | 6.09 | 7.64 | 4.95 | 5.73 | 5.35 | 4.9 |
| OPM % | -1.02 | 11.72 | 12.52 | 14.66 | 15.87 | 13.69 | 12.21 | 13.7 | 12.05 | 12.05 |
| Other Income | 0.7 | 0.3 | 0.75 | 0.97 | 0.37 | 0.61 | 0.74 | 1.37 | 0.58 | 0.45 |
| Interest | 0.89 | 0.47 | 0.41 | 0.22 | 0.12 | 0.51 | 0.41 | 0.38 | 0.18 | 0.15 |
| Depreciation | 1.56 | 1.33 | 1.27 | 1.13 | 0.99 | 1.57 | 3.56 | 3.41 | 3.03 | 2.92 |
| Profit before tax | -1.92 | 1.71 | 3.3 | 4.2 | 5.35 | 6.17 | 1.72 | 3.31 | 2.72 | 2.28 |
| Tax % | 4.17 | -10.53 | 1.52 | -7.86 | 21.68 | 25.77 | 50.58 | 34.74 | 23.53 | — |
| Net Profit | -2 | 1.88 | 3.26 | 4.54 | 4.18 | 4.58 | 0.86 | 2.16 | 2.08 | 1.76 |
| EPS in Rs | -6.66 | 6.26 | 10.85 | 15.11 | 20.44 | 22.4 | 4.21 | 10.56 | 10.17 | 8.61 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 |
| Reserves | 9.66 | 7.65 | 9.53 | 12.79 | 17.32 | 21.49 | 18.33 | 19.18 | 21.3 | 23.45 |
| Borrowings | 13.79 | 12.02 | 3.5 | 5.77 | 7.55 | 5.14 | 16.07 | 16.76 | 6.5 | 3.18 |
| Other Liabilities | 7.36 | 5.3 | 8.86 | 7.46 | 4.47 | 4.67 | 10.63 | 9.32 | 15.57 | 10.31 |
| Total Liabilities | 33.09 | 27.25 | 24.17 | 28.3 | 31.62 | 33.58 | 47.31 | 47.54 | 45.65 | 39.22 |
| Fixed Assets | 12.66 | 11.12 | 10.14 | 9.74 | 10.77 | 10.95 | 25.29 | 25.07 | 22.67 | 20.14 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 4.1 | 0 | 0 | 0 | 0 |
| Investments | 0.59 | 0.56 | 0.99 | 0.66 | 1.37 | 1.69 | 1.55 | 1.8 | 2.27 | 2.17 |
| Other Assets | 19.84 | 15.57 | 13.04 | 17.9 | 19.48 | 16.84 | 20.47 | 20.67 | 20.71 | 16.91 |
| Total Assets | 33.09 | 27.25 | 24.17 | 28.3 | 31.62 | 33.58 | 47.31 | 47.54 | 45.65 | 39.22 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 3.53 | 9.01 | -0.39 | 0.18 | 8.38 | 8.62 | 16.39 | 5.56 | 2.2 |
| Cash from Investing Activity | 0 | -0.01 | -0.29 | -0.85 | -2.15 | -5.33 | -11.78 | -7.29 | 1.8 | -0.39 |
| Cash from Financing Activity | 0 | -3.16 | -8.96 | 1.87 | 1.55 | -2.5 | 2.84 | -9.38 | -5.87 | -3.5 |
| Net Cash Flow | 0 | 0.36 | -0.25 | 0.63 | -0.42 | 0.54 | -0.31 | -0.28 | 1.49 | -1.69 |
| Free Cash Flow | 0 | 3.5 | 8.66 | -1.25 | -1.98 | 3.1 | -3.19 | 13.05 | 4.55 | 1.67 |
| CFO/OP | 0 | -2076 | 304 | -9 | 4 | 152 | 129 | 355 | 112 | 54 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 121.92 | 124.07 | 37.33 | 51.63 | 91.92 | 29.3 | 38.99 | 54.47 | 43.28 | 26.72 |
| Inventory Days | 253.16 | 331.45 | 207.83 | 166.51 | 163.69 | 246.15 | 145.79 | 145.43 | 189.34 | 117.08 |
| Days Payable | 113.88 | 123.58 | 113.31 | 51.59 | 54.62 | 60.57 | 68.85 | 72.51 | 88.82 | 50.35 |
| Cash Conversion Cycle | 261.2 | 331.94 | 131.84 | 166.55 | 200.99 | 214.88 | 115.93 | 127.39 | 143.8 | 93.44 |
| Working Capital Days | 77.79 | 70.86 | 40.26 | 69.02 | 108.04 | 77.81 | 20.41 | -80.76 | -30.54 | 19.98 |
| ROCE % | -9.37 | -4.03 | 12.88 | 20.36 | 17.96 | 19.62 | 20.31 | 5.69 | 10.78 | 9.83 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 55.33% | 55.33% | 55.33% | 55.33% | 55.35% | 55.34% | 55.34% | 55.34% | 55.34% | 55.34% | 55.34% | 55.34% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 28.18% | 28.37% | 28.61% | 29.05% | 29.06% | 29.07% | 29.07% | 29.07% | 29.09% | 29.09% | 29.09% | 29.09% |
| Others | 16.49% | 16.3% | 16.05% | 15.62% | 15.59% | 15.59% | 15.59% | 15.59% | 15.57% | 15.57% | 15.57% | 15.57% |
| No. of Shareholders | 509 | 876 | 1287 | 1522 | 1498 | 1537 | 1530 | 1519 | 1504 | 1500 | 1492 | 1492 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 7 / 3 / 9

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 165.67 | Buy |
| EMA (10) | 166.64 | Buy |
| SMA (20) | 162.79 | Buy |
| EMA (20) | 172.34 | Sell |
| SMA (50) | 166.76 | Buy |
| EMA (50) | 465.96 | Sell |
| SMA (100) | 1428.74 | Sell |
| EMA (100) | 1205.97 | Sell |
| SMA (200) | 2768.36 | Sell |
| EMA (200) | 1795.3 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.98 | Neutral |
| MACD (12,26,9) | -28.55 | Buy |
| Stochastic (14,3,3) | 82.37 | Sell |
| ADX (14) | 31.21 | Buy |
| Williams %R (14) | -14.05 | Sell |
| ATR (14) | 14.7 | High Volatility |
| ROC (12) | 8.71 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 59.74 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1d4fab07-dc9c-44c6-b75b-18d9e53fd5d4.pdf) |
| 2026-09-04 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 04.09.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aea41fd4-d656-4af6-8c54-fe38faa3cb75.pdf) |
| 2026-09-04 | [Fixes Book Closure For AGM To Be Held On 30.09.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a4a85e65-b8a3-46fc-a536-a53f5cacae20.pdf) |
| 2026-09-04 | [Intimation Of Providing E-Voting Facilities To Members In Compliance With Regulation 44 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=484c0e4b-ab6b-4b86-8a50-ae6429393edc.pdf) |
| 2026-09-04 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f9f518f5-6a9d-4dfa-a2a1-2bae9d959fc5.pdf) |
| 2026-09-01 | [Board Meeting Intimation for Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aeac29e3-a376-4177-b624-239356c3e203.pdf) |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7eb278e7-2ba6-4203-9679-2b7a3bf3a234.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 14.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=af9b5749-5754-463e-b964-b1e8d9cd5895.pdf) |
| 2026-08-14 | [Non Applicability Of Regulation 32 Of SEBI (Listing Obligation Disclosure Requirement) Regulations 2015 For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d32819af-fb29-4304-8c52-092000156f5a.pdf) |
| 2026-08-10 | [Board Meeting Intimation for To Consider Approve And Take On Record The Un-Audited Standalone Financial Results For The Quarter Ended On 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=75e13ad3-044f-4830-b7a7-8117904cc8db.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Results-Financial Results For 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=38007bb0-a8c5-4abe-ba75-27eb2f0cc444.pdf) |
| 2026-05-30 | [Results-Financial Results For 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb0166f5-8aca-4ba7-9bf9-ca100cc3cb63.pdf) |
| 2026-02-14 | [Results-Financial Results For 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=21ceff1c-4648-4656-a96e-bf1a7d937a55.pdf) |
| 2025-11-14 | [Results-Financial Result September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0db572ac-beea-495c-9b19-b64044a215c3.pdf) |
| 2025-08-14 | [Results-Financial Results For June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fe33afbb-8f8f-4b19-968b-c5d46497ac3b.pdf) |
| 2025-05-30 | [Results-Financial Results For March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d57e2a24-d16d-45c2-9411-4c543f7042ae.pdf) |
| 2025-02-10 | [Results- Financial Results For 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a1cb393a-37bd-4b6c-aba8-8d92f8a1f461.pdf) |
| 2024-11-14 | [Results- Financial Results For 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e78955b7-33db-4fd0-ae52-ae0c88c19c04.pdf) |
| 2024-08-14 | [Results-Financial Results For 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=816e6ebf-5ee0-4ed7-a107-6672aa0df530.pdf) |
| 2024-05-31 | [Revised Results-Financial Results For 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5009374e-28ca-4654-bc6b-e1316cc500f1.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Audio recording of Q3 FY26 results conference call uploaded; transcript to be submitted and uploaded. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 9 Feb - Audio recording of Q3 FY26 results conference call uploaded; transcript to be submitted and uploaded.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/71739606-2955-4efe-880c-dba282077b42.pdf) |
| 6 Feb - Newspaper Publication for Unaudited Financial Results for the Quarter Ended December 31, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Feb - Newspaper Publication for Unaudited Financial Results for the Quarter Ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dcaae7e4-9d19-4e56-84a3-525bdb954f55.pdf) |
| 5 Feb - Q3 FY26: Revenue ₹473.9cr (+21% YoY), EBITDA ₹71.7cr (+28.8%), order book >₹3,100cr. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 5 Feb - Q3 FY26: Revenue ₹473.9cr (+21% YoY), EBITDA ₹71.7cr (+28.8%), order book >₹3,100cr.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c06516ad-86b8-4f8c-bced-bb9bf6bda903.pdf) |
| 27 Jan - Board meeting on 14 Feb 2026 to consider unaudited Q3 results for quarter ended 31 Dec 2025. | [Board Meeting Intimation for Un-Audited Standalone Financial Results For The Quarter Ended On 31St December, 2025. 27 Jan - Board meeting on 14 Feb 2026 to consider unaudited Q3 results for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/030d99c9-f920-4713-8a4f-52402ddf5916.pdf) |
| 22 Apr - FY26 secretarial compliance report notes delayed e-form filing, penalties of Rs. 1.70 lakh and Rs. 68,000 plus GST. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 22 Apr - FY26 secretarial compliance report notes delayed e-form filing, penalties of Rs. 1.70 lakh and Rs. 68,000 plus GST.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/06cd549a-5696-42e4-8c5a-7366a379ab97.pdf) |
| 16 Feb - Newspaper Publication for Un-audited Financial Statement for the quarter ended 31st December, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Feb - Newspaper Publication for Un-audited Financial Statement for the quarter ended 31st December, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e7b823a3-9193-4014-8f27-c376ca163044.pdf) |
| 14 Feb - Unaudited Q3 2025-26 results: Q3 revenue Rs730.51L, loss Rs3.79L; 9M revenue Rs3,554.29L, profit Rs226.85L | [Board Meeting Outcome for Outcome Of Board Meeting 14 Feb - Unaudited Q3 2025-26 results: Q3 revenue Rs730.51L, loss Rs3.79L; 9M revenue Rs3,554.29L, profit Rs226.85L](https://www.bseindia.com/xml-data/corpfiling/AttachHis/21dc343a-8876-403d-9991-480c0c5dea25.pdf) |
| 12h - FY26 secretarial compliance report notes delayed e-form filing, penalties of Rs. 1.70 lakh and Rs. 68,000 plus GST. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 12h - FY26 secretarial compliance report notes delayed e-form filing, penalties of Rs. 1.70 lakh and Rs. 68,000 plus GST.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/06cd549a-5696-42e4-8c5a-7366a379ab97.pdf) |
| — | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Apr](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ad0b6883-df3b-4b21-9317-94a5d44addc7.pdf) |
| — | [Closure of Trading Window 25 Mar](https://www.bseindia.com/xml-data/corpfiling/AttachHis/37eefa86-7f7d-4dc4-8471-1c76ca82ea4b.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2020 | [Concall - Sep 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f2065140-bdec-494f-825c-85d817573e67.pdf) |
| Oct 2018 | [Concall - Oct 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/10/a922c2f1-6bb7-4e91-8cbc-df96220a12e5.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b178fd86-747f-492a-b402-a5071597e63c.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d765e6b8-24c5-4366-90f4-2c456a7943b6.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2ad6e952-274f-4cdb-879e-5cbc01628a6b.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/47b07cf6-a1ae-4474-ae95-98df2dc96aed.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d0cdaaa0-4753-4289-aae3-df77d93b2335.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7cb5d97e-f6e2-4877-952d-17255af7df90.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/608eb927-4c2b-424e-b30b-3cbb17f62f62.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b3ffdd23-83a8-4ecf-94a4-256eccdea4be.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5eea61e2-88ea-4bfc-bf58-35fa1e5783f4.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d3e98d6b-7acb-415a-91dd-e6e0505fe628.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f56e05ba-d578-4485-9dc9-d8263b486178.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a6fe5f94-8c20-45b3-a7b7-06440da46559.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2598faed-f6ca-4018-a4e3-4b162a6aee68.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/97bfaba0-914f-4044-b5c1-68b411e2d8a8.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/540136/76409540136.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/27c68803-9a23-416a-9af1-425d8b70cf23.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/540136/71769540136.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/531168/72011531168_14_09_21.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:38:47.200Z.